Week-on-week gains in GB pig prices
In the week ended 14 April, the EU-spec SPP rose slightly by 0.28p to stand at 145.16p/kg.
Although a week-on-week rise was recorded, prices still stand 10.42p behind year earlier levels. Prices have been lower than 2017 levels for the whole of 2018, and the most recent week recorded the largest year-on-year difference so far.
Estimated slaughterings stood at 173,200 head. This is a substantial 15% higher than in the same week a year earlier, when throughputs were impacted by the run up to Easter 2017. The figure is also 8% higher than the revised figure for the previous week, as the market returned to normal following this year’s Easter break. Compared to the previous week, average carcase weights were 460g lower at 83.89kg, which would have partially counteracted the increase in throughputs. Although, compared to a year ago, weights were 590g higher.
The EU-spec APP for the week ended 7 April, averaged 147.91p/kg, 0.38p lower than in the previous week. With the SPP declining more strongly during the week the gap between the two price series widened to 3.03p.
7kg weaner prices rose in the week ended 14 April averaging at £37.19/head, the price was £0.21 higher than the previous week and £2.62 behind the previous year. For the first time in three weeks it has been possible to publish a 30kg weaner price. At £51.83/head the price stood £3.68 behind the previous year however, the price was £1.76 ahead of the last price published three weeks ago.
Abigail Schofield, Trainee Analyst
Abigail.Schofield@ahdb.org.uk, 024 7647 8610